Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 49 - No. 9)
Which of the following is correct regarding a trial balance?
It provides proof that the accounting equation is balanced.
It lists all business transactions.
It is the same as the income statement.
It ensures that all errors have been detected.
Explanation
It can show that the debits equal the credits and that the accounting equation is balanced.
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